Over 33 years, I have assisted my clients with debt problems having filed more than 32000 Chapter 7 and Chapter 13 Bankruptcy petitions. That depends. If there is equity in your rental of more than $18000, you cannot claim that excess equity exempt and file bk. likewise, if the property has little lor no equity, you can file. So check with a realtor and then make an appointment with a bk attorney.

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That is correct. And you can also deduct a seven percent commission. In other words, what would you net if the house sold. For a referral, go to findlaw.com as this site does not permit direct contact.

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